Take control of your taxes by changing tax lot-matching methods on the fly to optimize your capital gains and losses.
- Change the default matching method for your account, the current trading day or the prior trading day.
- Run real-time "what-if" scenarios to see how different lot-matching methods affect your gains and losses.
- Choose from among several tax lot-matching methods, including LIFO, FIFO, Maximize Long-Term Gain, Maximize Long-Term Loss, Maximize Short-Term Gain, Maximize Short-Term Loss and Highest Cost.
- Manually match specific lots to trades using the Specific Lot matching method.
- Make changes and save them until 8:30 PM ET on any given trading day.
- View year-to-date profit and loss data by symbol.
Tax Optimizer is integrated with your trading app:
- In Trader Workstation (TWS), use the right-click menu from a position and select Change Tax Lots.
- In IBKR Mobile, tap the More menu in the bottom right corner, then swipe up to find Account Management. Tap to expand and then tap the Tax Optimizer icon.
- From Portal, click Performance & Reports > Tax Documents > Tax Optimizer – Launch Tax Optimizer
This tool is available for stock, option, bond, warrant and single-stock future trades.